Peak Financial Management Inc. Buys 2,998 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Peak Financial Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,100 shares of the company’s stock after acquiring an additional 2,998 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 4.6% of Peak Financial Management Inc.’s holdings, making the stock its 4th largest holding. Peak Financial Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,252,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC grew its position in Invesco S&P 500 Equal Weight ETF by 5.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares during the last quarter. Ballast Rock Private Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after buying an additional 51 shares during the last quarter. Pacific Point Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after buying an additional 52 shares during the last quarter. Merkkuri Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the first quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after buying an additional 54 shares during the period. Finally, Jessup Wealth Management Inc lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after buying an additional 55 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $214.91 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $215.61. The company has a market cap of $94.78 billion, a PE ratio of 20.10 and a beta of 0.91. The business’s 50-day simple moving average is $207.33 and its 200 day simple moving average is $200.89.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.